Yeah pretty much I don't even have the basics down
I think I'll probably ask someone in real life because I'm so clueless rip
		
		
	 
To be completely honest, most HSC students who come across similar questions apply the chain rule along with the formula of the differentiation of inverse tan, without knowing where central formula actually comes from. You should probably see it at least once...
I'll offer an elementary derivation of the differentiation of inverse tan formula. I'll denote inverse tan as 
arctan.
Okay, so we want to show that 
d(arctan(x))/dx = 1/(1+x^2).
First, let 
y = arctan(x). Since the inverse tan is, well, an inverse, we have that 
x = tan(y).
Differentiating with respect to 
y, we have that 
dx/dy = dtan(y)/dy = sec^2(y). The last equality (that differentiating 
tan(y) gives you 
sec^2(y)) is also something that HSC students normally memorise. If you want to 
see it, take 
tan(y) = sin(y)/cos(y) and apply the quotient rule.
Now you need to note that 
sin^2(y) + cos^2(y) = 1. This is a famous identity that can be proven in quite a lot of ways (for example, considering aright-angled triangle made by a radius of a unit circle and the axes, and applying Pythagoras' Theorem). If we divide both sides by 
cos^2(y), you get 
tan^2(y) + 1 = sec^2(y). Substituting this into 
dx/dy = sec^2(y), we get that
dx/dy = 1 + tan^2(y).
Now remember that $x = tan^2(y)$, so 
dx/dy = 1 + x^2. And so finally, by taking the reciprocal, we get the formula that 
darctan(y)/dx =1/(1 + x^2).
Now in your problem, we need to replace our 
y with 
2/y. This complicates things a bit, because now we need to apply the chain rule, which pikachu975 has stated as 
dz/dx = dz/dt * dt/dx, where 
z = arctan(t) and 
t = 2/y.
So 
dz/dx = darctan(t)/dt * d(2/y)/dy.
From here, apply the inverse tan differentiation we have derived to the first term (you get 
1/(1+t^2)), and differentiate the second term (you get 
-2/y^2). Then substitute $t=2/y$ back in to get your answer.
Hope this helps.